Possible Federal Revenue from Oil Development of ANWR and Nearby Areas

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This report estimates the potential revenues to the United States Treasury from Arctic National Wildlife Refuge (ANWR) oil development should Congress approve such development. It has been prepared according to key oil price assumptions. More specifically, estimates of potential federal revenues are based on market oil prices — the price at which the ANWR output would be sold — of $60, $80, $90, $100, and $125 per barrel.

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Description

This report estimates the potential revenues to the United States Treasury from Arctic National Wildlife Refuge (ANWR) oil development should Congress approve such development. It has been prepared according to key oil price assumptions. More specifically, estimates of potential federal revenues are based on market oil prices — the price at which the ANWR output would be sold — of $60, $80, $90, $100, and $125 per barrel.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.